Guangzhou'S Clothing Exports Hit A New High In May

Guangzhou customs statistics released on the 28 day showed that Guangdong's clothing exports improved significantly this year, and the trend of recovery growth was strong. In May, the export volume was $3 billion 140 million, a record high in the year.

Since March of this year, Guangdong's textile and garment exports registered a 3 month increase, while exports in May increased by 28% compared to the same period last year, and the growth rate was 20%.

From the point of view of exports, the main traditional export markets have generally recovered growth, and exports to emerging markets are mixed.

From 1 to May, exports of textiles and garments to Hongkong increased by 3 billion 700 million US dollars, an increase of 8%, and exports to the European Union, the United States and ASEAN increased by more than 20%.

The total exports of the 4 markets account for more than 70% of the total value of Guangdong's textile and garment exports in the same period.

In addition, exports of textiles and clothing to the Middle East decreased by 3.6%.

Customs analysis indicated that the recovery trend of Guangdong's clothing export body is obvious, but there are still some hidden troubles.

One is the rising cost of raw materials and squeezing profits.

Cotton prices continued to rise, reaching the highest level in late 4 this year. The "crazy cotton" made the textile and garment industry fearful.

Second, the decline of the euro exchange rate affects the export of enterprises.

Under the gloom of Europe's debt crisis and repeated international financial markets, the Yuan's expectation of a significant appreciation against the US dollar weakened. But at the same time, the upgrading of the debt crisis in Europe, besides the economic downturn, has affected the import of the European Union, which has also led to an indirect appreciation of the RMB against the euro.